Because 128 bits is way way way more than anyone can make productive use of. That would provide enough memory space to address every single molecule in the entire universe. 64 bits is plenty.
The mistake people make is that they think 128 bits is twice as big as 64 bits. That is wrong. If you have 2 bits, can address 4 things. If you have 3, 8 things. 4 bits, 16. 65 bits is twice as big as 64 bits, not 128. 128 bits is 18.5 quintillion times bigger than 64 bits.
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